VCL Film + Medien AG
VCL Film + Medien AG announces positive Fiscal Year Figures for 2006/2007
VCL Film + Medien AG / Final Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Munich, March 31, 2008 – VCL Film + Medien AG (WKN 330437, ISIN DE0003304374) announces today the fiscal year figures 2006/2007. Revenues amounted to TEUR 11,420 (previous year TEUR 9,925) and EBITDA achieved TEUR 9,215 (previous year TEUR 1,059). EBIT amounted to TEUR 3,967 (previous year TEUR -944) and the earnings after tax reached TEUR 335 (previous year TEUR -841). The balance sheet total added up to TEUR 31,933 (previous year 21,575) and shareholders capital improved to TEUR 1,829 (previous year 193). The equity ratio represented 5.7 percent (previous year 0.9 percent) of the balance sheet total end of November 2007. At the end of the fiscal year 2006/2007 VCL Film + Medien AG hold 27 employees (previous year 28). The fiscal year 2006/2007 was mainly driven by the integration of Equity Pictures Medienfonds GmbH and the related introduction of the media fonds business. Equity Pictures Medienfonds benefits from a wider knowledge and new business contacts for the film marketing with the goal to improve the value chain. VCL Group obtains a new and promising business field, helping to stabilize the earnings situation. The new marketing channels, audio books and special interest DVDs, are further developed because of the good performance. The co-operation with the magazines to publish add on DVDs was extended constantly and the number of customers has nearly doubled. Because of the ongoing strain on liquidity nearly no film acquisitions were possible. Therefore, revenues were mainly generated from secondary and third film distribution rights available within the film rights stock of the cooperation. In relationship with the reorganization of the financing BFF/Octave, BFF resigned outstanding debts of US$ 5.0m and VCL Film + Medien AG took over nearly all liabilities of US$ 5.0m from VCL Communications GmbH. This transaction enabled VCL Communications GmbH to write of nearly all debt capital. At the same time, Octave Entertainment Ltd. took over 23 percent of VCL Communications GmbH, entered in the register of companies (Handelsregister) on March 27, 2008. The complete annual report is available in the internet www.vcl.de among the Investor Relations section on April 1, 2008. The Management Board VCL Film + Medien AG Investor Relations phone +49 89 354 97 0 ir@vcl.de 31.03.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: VCL Film + Medien AG Wolfratshauser Str. 84 81379 München Deutschland Phone: +49 (0)89 354 97-0 Fax: +49 (0)89 354 97-357 E-mail: IR@vcl.de Internet: www.vcl.de ISIN: DE0003304374 WKN: 330437 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, München, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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